Crypto Firm Genesis Bankruptcy Filing Is Expected This Week – Bloomberg

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Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
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Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week, according to people with knowledge of the situation.
The cryptocurrency lending unit of Digital Currency Group has been in confidential negotiations with various creditor groups amid a liquidity crunch. It has warned that it may need to file for bankruptcy if it fails to raise cash, Bloomberg previously reported.


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